Job Market Monitor
Politics & Policies
US – Private Sector Payroll Jobs During Presidential Terms
Th[is] graph is for private employment only. Mr. Trump is in Orange (30 months). The employment recovery during Mr. G.W. Bush’s (red) first term was sluggish, and private employment was down 821,000 jobs at the end of his first term. At the end of Mr. Bush’s second term, private employment was collapsing, and there were net 382,000 private … Continue reading
Monetary Policy – We have reached the limit of what it can be expected to do
Though the U.S. economy is apparently at or close to full employment, wages have barely budged above the level that would be justified by productivity increases and inflation alone. There is little or no inflationary pressure. The so-called Phillips curve that once mapped the inverse relationship between unemployment and inflation is not serving as a … Continue reading
Retirement in Canada – The Canadian Institute of Actuaries proposes to defer it
The CIA is proposing changes to the age at which benefits should be made available to Canadians under Canada’s retirement income systems and tax-assisted private savings programs, specifically the Canada Pension Plan/Quebec Pension Plan (CPP/QPP), Old Age Security (OAS), and registered pension plans and Registered Retirement Savings Plans (RRSPs). This document is intended to engage … Continue reading
Minimum Wage in Ontario – Low-income Individuals and Families Tax (LIFT) credit will provide fewer benefits to Ontarians than cancelled minimum wage increase
Peter Weltman, Financial Accountability Officer of Ontario, has just released a commentary Comparing the LIFT Credit to a Minimum Wage Increase. “The LIFT credit will provide fewer benefits to minimum wage workers than increasing the minimum wage from $14 per hour to $15 per hour,” says Weltman. The Province introduced the LIFT credit to provide … Continue reading
Future of Employment Services in Australia – A report on stakeholders views
In July 2018, the Department of Jobs and Small Business (the Department) commissioned the Social Research Centre to review and analyse the submissions received in response to the Discussion Paper, ‘The Next Generation of Employment Services’ which was released for public comment in late June 2018. Over 450 responses were received from individuals, employment service … Continue reading
Future of Work in Australia – A literature review
The impact of globalisation is expected to increase as digital technologies increasingly enable the movement of labour virtually (Baldwin, 2018). We are seeing teleworking becoming mainstream, the rise of the ‘digital nomad’ where a person can work from anywhere in the world, and contingent employment models (Roos and Shroff, 2017). These changes will influence where … Continue reading
Minimum Wage in UK – National Living Wage (NLW) at 60 per cent of median earnings by October 2020
This Monday, the 1st April, 2 million people working minimum-wage jobs will start the week with a pay rise. The National Living Wage (NLW), the rate that applies to 25+ year olds, will rise by 38p, from £7.83 to £8.21. We project that this will increase the number of people paid at the wage floor … Continue reading
Australia – Review of the Qualifications Framework
The AQF The AQF puts senior secondary school, vocational education and training (VET) and higher education qualifications into a single, national framework. Ithas played an important role in the quality assurance of Australia’s well-regarded tertiary education system and sets out the nature and purpose of senior secondary education. The AQF is used to assist recognition … Continue reading
The Working-Class America – Arresting the decline and building bridges back to opportunity
The 2016 election put the plight of working-class America front and center in American politics. A long-neglected and largely forgotten voting bloc thought by many to be shrinking to the point of irrelevance suddenly mattered, nationally and in every state. But more important even than the political consequences, the campaign and what followed shone a … Continue reading
Low Skills in Europe – The Upskilling pathways
In 2017, 15.7% of low-qualified young Europeans aged 15 to 29 were not in education, employment or training (NEET), compared to 9.6% of their better educated peers. In the same year, the unemployment rate of low-qualified adults of working age (25 to 64) stood at 13.9% in the EU-28 while that of their highly qualified … Continue reading
The Global Compact for Safe, Orderly, and Regular Migration – A commitment to pursue 23 objectives
Global governance of international migration received an upgrade in 2018. For the first time—and not without controversy—governments succeeded in negotiating an agreement to cooperate to make migration work better, with less danger and greater rewards. The Global Compact for Safe, Orderly, and Regular Migration is the first comprehensive framework of principles and objectives to guide … Continue reading
Minimum Wages in US – Three conclusions on the impacts
Minimum wages have been studied so extensively that it is rare to find a fresh angle that piques labor economists’ interest. Despite a mountain of literature, advances in empirical methods, and the availability of new data, definitive studies are scarcer than policymakers would hope to find. The empirical challenges researchers of the minimum wage face … Continue reading
Active Labour Market Programs in Ontario – A need to better tailor job programs
About 450,000 Ontarians are on social assistance, costing the province $2.8 billion annually, according to a new study from the C.D. Howe Institute. In ‘Assessing Active Labour-Market Programs: How Effective is Ontario Works?’ authors Jason Adams, Ken Chow and David Rosé examine the success of various Ontario Works programs in getting welfare recipients back into … Continue reading
Ontario – Employment programs have not kept pace with the changing labour market
In Working Paper 29, The labour market shift: Training a highly skilled and resilient workforce in Ontario, the Institute examines Ontario’s changing labour market and skills, employer-driven training, and government skills training programs. Ontario’s labour market has changed. For Ontarians to remain resilient in face of this change, they must be equipped with skills that are transferable … Continue reading
TVET Coordination Mechanisms – The stimulus to review governance systems is less likely to come from within
Coordination is a wide-ranging term which this publication interprets as covering interaction between different ministries and government agencies at a national level; interaction between national, subnational and local structures and agencies; and interaction with social partners such as employers, trade unions and civil society organizations. The publication focuses primarily on the interaction between government ministries … Continue reading
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